Home prices
The median home value in Michigan City is $72,500. Compared to its nearby areas it is approximately $15,980 (18%) lower.It is approximately $145,000 (66%) lower in comparison to the nation as a whole, and is approximately $137,800 (65%) lower in comparison to the city of Grand Forks.
Rents
The median monthly rent in Michigan City is $488. In comparison to its nearby areas this is roughly $58 (10%) lower.It is about $574 (54%) lower compared to the entire nation, and compared to the city of Grand Forks is approximately $323 (39%) lower.
Nearby places
Petersburg
Petersburg is approximately 4 miles east from Michigan City. Its housing prices are somewhat more expensive. Petersburg's median home price is $85,000, which works out to $12,500 (14%) higher than Michigan City. Rent there is a little more expensive. Petersburg's median rent is $717 per month, which comes out to $229 (31%) higher than Michigan City.
Lakota
Lakota is approximately 8 miles west of Michigan City. Its real estate prices are a bit more expensive. The median home in Lakota is valued at $104,000, which comes out to $31,500 (30%) higher than Michigan City. Rents there are a little more expensive. Lakota's median monthly rent is $530, which comes out to $42 (7%) higher than Michigan City.
McVille
McVille is roughly 15 miles south from Michigan City. Housing prices there are a bit less expensive. The median home price in McVille is $62,100, which comes out to $10,400 (16%) lower than Michigan City. Its rents are fairly similar. The median rent in McVille is $465 a month, which works out to $23 (4%) lower than Michigan City.
Tolna
Tolna is approximately 17 miles southwest of Michigan City. Its real estate prices are pretty similar. The median home in Tolna costs $73,300, which is $800 (1%) higher than Michigan City. The rent there is a little less expensive. The median rent in Tolna is $392 a month, which is $96 (24%) lower than Michigan City.
Larimore
Larimore is about 20 miles east from Michigan City. Real estate prices there are a lot more expensive. The cost of the median home in Larimore is $118,000, which works out to $45,500 (38%) higher than Michigan City. Its rents are a bit more expensive. The median monthly rent in Larimore is $624, which is $136 (21%) higher than Michigan City.
